Category Archives: Sovereign Risk

Mr. (Bond) Market Prepares to Take Down Silvio

Posted on November 7, 2011 by macromon

Remember the 1997 Asian Financial Crisis?   The bond and currency markets took down Indonesia’s Suharto regime, which survived three decades of student protests, attempted coups, and external pressure.   What tanks couldn’t do, markets did. With G-Pap now gone Club Med … Continue reading →

Posted in Black Swan Watch, Bonds, Euro, Geopolitical, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Charlie Rose: Lionel Barber Editor of the ‘Financial Times’

Posted on November 4, 2011 by macromon

Excellent interview earlier this week with Lionel Barber, editor of the Financial Times.  They touch on a wide range of relevant topics, including the European Debt Crisis,  Merkozy, lessons from Germany’s industrial policy,  David Cameron, the U.S. Presidential election, Occupy … Continue reading →

Posted in Interviews, Sovereign Debt, Sovereign Risk | Leave a comment

Berlusconi fading

Posted on November 4, 2011 by macromon

Gone by Monday? (click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Europe’s Tower of Terror

Posted on November 4, 2011 by macromon

The circus continues in Europe.  No big bazooka EFSF coming out of G20 to put a firewall around Greece and save Italy.   Greece is a sideshow and the Italy-Germany bond spread is what you need to watch as an indicator … Continue reading →

Posted in Black Swan Watch, Currency, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Stiglitz: Lessons from Iceland’s Economic Crisis

Posted on November 3, 2011 by macromon

Interesting take from Nobel prize economist, Joe Stiglitz, on Iceland’s response to its debt crisis, which is becoming a model for some in European periphery.    Austerity is so passé! (click here if video is not observable)

Posted in Black Swan Watch, Economics, Euro, PIIGS, Policy, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Super Mario’s Rate Cut

Posted on November 3, 2011 by macromon

We like this guy. (click here if video is not observable)

Posted in Euro, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

BNP Paribas Increases Reserves on Greece Exposure to 60%

Posted on November 2, 2011 by macromon

BNP Pariabas,  Europe’s largest bank in terms of total assets,  took a €2.1 billion hit to earnings after increasing reserves on its Greece exposure to 60 percent,  up from 21 percent last quarter.  The European banks are finally getting serious, … Continue reading →

Posted in Black Swan Watch, Equities, Euro, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

A History of World Debt

Posted on November 2, 2011 by macromon

Great infographic from the IMF on the history of world debt.   The line chart shows G20 public debt as % of GDP from 1880 to 2010.  Click on graphic to enlarge.  (click here if graphic is not observable)

Posted in Charts, General Interest, Sovereign Debt, Sovereign Risk | Tagged , | Leave a comment

Papandreou punt turns drama into crisis

Posted on November 2, 2011 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Politics, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment

Why the sovereign debt crisis is only in the third inning

Posted on November 1, 2011 by macromon

And the heavy hitters have yet to be tested.  Click table to enlarge. (click here if table is not observable)

Posted in Black Swan Watch, Budget Deficit, Sovereign Debt, Sovereign Risk | Tagged , , | Leave a comment